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White Pines Hotel 1301 Aultman St 29 Room Hotel Ely, NV 89301 $2,173,889 CAD ($74,962 CAD/Room) 14.84% Cap Rate
Investment Highlights
- This motel is located at the center of the city, restaurants, casinos and park are walking distance from the motel. Manager on site. Low room rates.
Executive Summary
High-Cap Rate Investment Opportunity in Downtown Ely. The motel was remodeled in 2025, and all aspects have been upgraded and inspected by the city.
This well-maintained motel features 29 guest rooms, as well as a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and copper and gold mines.
Contact us today for more information!
This well-maintained motel features 29 guest rooms, as well as a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and copper and gold mines.
Contact us today for more information!
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,173,889 CAD | Lot Size | 0.53 AC |
| Price Per Room | $74,962 CAD | Building Size | 8,316 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Cap Rate | 14.84% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1974/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.77/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel | ||
| Price | $2,173,889 CAD |
| Price Per Room | $74,962 CAD |
| Sale Type | Investment |
| Cap Rate | 14.84% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,316 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2025 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel |
Amenities
- Balcony
- Business Center
- High Speed Internet Access
- Patio
- Convention Hotel
- Public Access Wifi
- On-Site Security Staff
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 29 | $81.78 CAD | - |
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Property Taxes
| Parcel Number | 001-218-03 | Total Assessment | $147,941 CAD (2025) |
| Land Assessment | $26,168 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $121,773 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
001-218-03
Land Assessment
$26,168 CAD (2025)
Improvements Assessment
$121,773 CAD (2025)
Total Assessment
$147,941 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Mark Moattar
White Pines Hotel | 1301 Aultman St
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